CheelooTrader

DAL - Bullflag breakout

Long
CheelooTrader Updated   
NYSE:DAL   Delta Air Lines, Inc.
  • Still need to clear 46, before going all in, but all checks all the boxes for reversal to the long side.
  • Pullback from 46, would the best way to go long IMO.
Comment:
Never make up mind before price settles. Fakeout breakdown in progress. now breaking below rising wedge. 37 zone has been defended multiple times, if it breaks, it can drop to 33 and 24.
News is creating this whipsaw in price - soaring oil prices are not bad, but opening economy is good. One of those two will have bigger impact...market is trying to find out.

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